Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards.» Read More
BRUSSELS, Dec 11- EU lawmakers approved free-trade accords with Colombia, Peru and six Central American nations on Tuesday, giving them permanent access to the EU's 500 million consumers and offering the EU's stagnant economy new markets for its cars and luxury goods.
Digging into the fiscal cliff negotiations in Washington, and what the impact could be for the U.S. economy if a compromise is not reached by years end, with Republican Policy Committee chairman Senator John Barrasso of Wyoming.
*Technology shares lift markets, Apple up 2 pct. NEW YORK, Dec 11- Wall Street opened higher on Tuesday, lifted by gains in shares of technology companies as investors picked up some recent laggards, including Apple. Apple was recently up 2.5 percent at $543.18.
CAIRO, Dec 11- A vital $4.8 billion International Monetary Fund loan to Egypt will be delayed until next month, its finance minister said on Tuesday, intensifying the political crisis gripping the Arab world's most populous nation.
*Oil prices tick up on Egypt, Syria tensions. NEW YORK, Dec 11- U.S. stocks advanced and European shares rallied to an 18- month high on Tuesday after German investor sentiment rose sharply in December and on expectations the Federal Reserve will keep pumping money into the U.S. economy.
A closer look at the U.S. economy, and optimism regarding the negotiations in Washington to avert the 'fiscal cliff,' with Senator Mark Warner (D-VA). "It's almost un-American that we're not going to be able to step up and get [a deal] done," he says.
WASHINGTON, Dec 11- The U.S. Justice Department filed a felony criminal information against HSBC Holdings Plc's HSBC Bank USA in federal court in News York's Brooklyn on Tuesday.
NEW DELHI/ MUMBAI, Dec 11- India's government said it was prepared to launch an inquiry into lobbying by Wal-Mart Stores Inc., buckling under an opposition campaign to discredit a flagship economic policy.
WASHINGTON, Dec 11- U.S. wholesale inventories rose more than expected in October as sales fell for the first time in three months, according to a government report on Tuesday that hinted at some piling up of goods in warehouses.
*Record world rice crop helped by Vietnam, North Korea. WASHINGTON, Dec 11- The U.S. wheat stockpile for the current season will be above market expectations due to a slump in exports, while corn ending stocks will remain tight as lower prices make the grain more affordable for feeders, processors and exporters, the government said on Tuesday.
Here are some key facts about Michigan and right-to-work:. **Michigan would be 24th of the 50 U.S. states to pass laws making it right-to-work, and the second in the industrial heartland of the country after Indiana passed such legislation earlier in 2012. Most other right-to-work states are in the South and Plains regions.
*Trade deficit widens to $42.2 billion in October. The Commerce Department said on Tuesday the trade gap increased 4.9 percent to $42.2 billion. "The report tells a tale of weakening economic growth momentum both domestically and globally," said Millan Mulraine, a senior economist at TD Securities in New York.
For corn, the USDA stuck to its forecast for ending stocks of 647 million bushels, the smallest in 17 years. The USDA lowered its forecast for corn prices by 3 percent, or 20 cents a bushel, from last month.
NEW YORK, Dec 11- Wall Street was poised to open higher on Tuesday after unexpectedly cheery data out of Europe and as the Federal Reserve was set to kick off its two-day policy meeting.
Discussing the state of the fiscal cliff negotiations in Washington, with Rep. Scott Garrett (R-NJ) and Rep. Sander Levin (D-MI).
*OPEC set to keep 30 million bpd output target. *OPEC experts see H1 2013 demand for OPEC crude at 29.25 mbpd. VIENNA, Dec 11- OPEC oil exporters look set this week to avoid a quarrel about how much crude they produce and argue instead about who should be the group's next secretary-general.
Where Washington stands on a fiscal cliff deal, with Senator Bob Corker (R-TN) and Senator Kent Conrad (D-ND). As long as we stay on revenues, and don't talk about entitlements, says Corker, we're never going to get to the right place.
WASHINGTON, Dec 11- The U.S. trade deficit widened in October as exports suffered the biggest drop in nearly four years, indicating slowing global demand is likely to weigh on U.S. economic growth in the fourth quarter.
"No one should sign a bad deal because of an imaginary deadline," explains Grover Norquist, American For Tax Reform president.
Should holiday vacations be allowed if a deal to avert the fiscal cliff hasn't yet been put in place? Senator Ron Johnson (R-WI), weighs in. "If you want to get this economy going, and I think you could get it going, reduce the federal government's influence on business people's lives and on American's lives, " he explains.